[September 17, 2014] |
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Auth0 Identity-as-a-Service Solution Secures $2.4 Million in Early Funding Led by Bessemer Venture Partners
SEATTLE --(Business Wire)--
Auth0, an identity-as-a-service solution, announced today it has secured
$2.4 million in seed funds led by Bessemer Venture Partners with
participation from K9 Ventures, Portland Seed Fund and NXTP Labs. The
company's service is already in use in 124 countries by more than 8,000
developers and IT managers in both small and large enterprises in the
software, financial, media, security and consumer sectors. Some of
Auth0's larger customers include Schneider
Electric, the global specialist in energy management, MindJet,
the leading innovation management and collaborative project management
platform, Allegion,
the leading provider of security solutions for homes and businesses
around the world, and Berkshire
Hathaway Travel Protection, Berkshire Hathaway's travel insurance
arm.
"We're a company founded by developers for developers. We created Auth0
because we are identity and seurity experts that are frustrated with
the unnecessary complexity of integrating identity management into apps
and APIs," said Jon Gelsey, Chief Executive Officer at Auth0. "Since our
launch, we have seen tremendous traction and Bessemer's investment
allows us to leverage its market-leading enterprise security and SaaS (News - Alert)
expertise to continue to grow the business."
Auth0 removes the complexity of authentication and authorization for
developers. Instead of spending days or weeks writing complex and
unfamiliar code, many identity scenarios can be solved with just a few
lines of code to invoke Auth0's service. Developers can implement highly
secure and robust solutions, without requiring deep expertise in the
complexities of authentication and authorization.
"In the same way Twilio (News - Alert) democratized access to SMS and voice
communications, Auth0 developed an identity service to eliminate the
growing complexity of authentication and authorization for developers,"
said David Cowan, Partner at Bessemer Venture Partners. "Auth0 has the
dream team in authentication security, which is why developers are
so quickly adopting their API as the de facto way to do logins."
The Auth0 solution allows any application or API running on any device,
OS or software stack to authenticate with any identity provider. From
the simplest app in the store to the most sophisticated enterprise
software solution, Auth0 enables individual developers and IT managers
to quickly and easily implement complex identity authentication
scenarios.
"We took a strategic, calculated bet on Auth0," said James Gardner, SVP
of Product at Mindjet (News - Alert). "By using Auth0's sophisticated identity
infrastructure -- rather than building it ourselves -- we were able to
assign two, full-time software engineers to developments directly
related to Mindjet's core value proposition, which resulted in higher
revenue while saving us a great deal of money."
The company also announced it has hired Gianpaolo Carraro as Vice
President of Sales and Marketing. Mr. Carraro joins the company from
Microsoft (News - Alert) where he held executive roles in sales, marketing, and
developer evangelism for the past twelve years. Auth0 will use the new
funds to hire additional developers and add more features to its
service. They will also invest in sales and marketing to build brand
awareness and grow its customer base.
For more information about Auth0 please visit: https://auth0.com/
or follow us at @authzero.
About Auth0 Auth0 is an identity-as-a-service solution that removes
the complexity of authentication and authorization for app developers.
Built by developers for developers, the company's service is used by
thousands of developers and IT managers in both small and large
corporations across 124 countries in the financial, media, software,
security and consumer sectors. The company is based in Seattle, WA and
is financially backed by Bessemer Venture Partners, K9 Ventures,
Portland Seed Fund and NXTP Labs. Follow us at: @authzero
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